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EFA Partners Arranges Financing for New Cinergy Entertainment Theatre in Tulsa
November 9, 2018
Proceeds utilized for development of Cinergy’s first theatre outside of Texas
New York, NY (November 9, 2018) – EFA Partners, a boutique financial advisory firm focused on arranging capital and providing investment banking and strategic consulting services for entertainment, media and technology companies, announced that it served as the exclusive advisor to arrange financing for the new Tulsa location of Dallas-based Cinergy Entertainment, the leading chain of luxury cinema entertainment center in the country.
“I selected EFA Partners because of their years of experience and relationships in both the family entertainment center sector and film exhibition sector,” stated Jeff Benson, CEO and founder of Cinergy. “Their numerous financing relationships provided them the ability to quickly reach out to many lenders and their deep understanding of both industries allowed them to easily convey the long term value and growth of our business.”
Founded in 2009, Cinergy Entertainment is a family owned business led by Jeffrey Benson and his wife Jamie Benson. The company currently has four locations which are all in Texas, and the Bensons have significant plans to grow the business into other locations throughout the U.S. The new entertainment center in Tulsa is tentatively scheduled to open late February 2019 and will be Cinergy's 5th location. The $10 million project will be located in the Village at Woodland Hills Shopping Center near the popular retail corner of 71st and Memorial Dr.
Cinergy Tulsa will feature the latest amenities in entertainment, making it the perfect social playground for anyone. The over 60,000 square foot complex will have 8 state-of-the-art movie theatres featuring luxury recliner heated seats with swivel tables. Guests will be served in the auditorium by a wait staff, and call buttons will provide for ease of service. Cinergy offers a premium chef-inspired dining menu which includes an extensive bar menu pouring draft beer and craft cocktails.
Cinergy Tulsa will also feature 14 lanes of boutique bowling illuminated by massive screens projecting sporting events and music videos. Guests can challenge themselves with 5 immersive escape rooms, a full-service bar accented with 75-inch TVs and an eye-catching LED lit bar top, and an extensive game floor with over 90 interactive games. Additionally, this location will have multi-sensory interactive attractions such as Hologate VR, and an XD 4D Dark Ride, which combines a motion experience with 3D graphics, special effects, and an immersive shooting gaming system.
EFA’s founders collectively have over 75 years of experience in providing financial solutions for entertainment and media companies, including mergers and acquisitions, capital placement, and advisory services. EFA’s approach for Cinergy took the financing process from start to finish. This included preparing presentation materials, approaching over 30 prospective lenders ranging from banks to specialty lenders to equipment financiers, recommending the appropriate lending partner, negotiating terms, reviewing closing documentation, and assisting in all aspects of the process through to closing.
“It’s been great working with Jeff and his team at Cinergy,” stated Kenny Favre, Managing Partner and one of the founders of EFA Partners. “They’re continuing to build unique world class entertainment venues with a wide variety of attractions so that there’s something to entice all demographics. We look forward to assisting them further as they expand across the country.”
About EFA Partners
EFA Partners is a boutique financial advisory firm that provides investment banking services focused on capital raises, mergers and acquisitions, and financial consulting services for entertainment, media and technology companies. Since its inception in 2009, EFA has been retained by over 140 clients, having arranged and advised on over $3.5 billion of financings in its targeted sectors, including advising and closing numerous sell-side transactions. EFA has a wealth of relationships from which to source capital including local and regional banks, national and international banks, specialty finance groups, equipment financiers, providers of mezzanine debt and private equity groups.
About Cinergy Entertainment
Dallas, Texas-based Cinergy Entertainment Group, Inc. is a visionary industry innovator and the leading operator of luxury cinema entertainment centers. The company currently operates four locations with 39 screens and 36 lanes of bowling and has four additional locations under development representing 38 screens and 71 lanes of bowling. All Cinergy centers feature dine-in cinemas serving alcoholic beverages and a tempting array of restaurant quality food and beverages. In addition to upscale cinema amenities, all Cinergy locations feature a unique selection of interactive games and a variety of other amenities, including bowling, billiards, patios, laser tag, escape rooms and Sky Walker an elevated ropes course. Cinergy is privately held by the Benson family. For more information, visit Cinergy at www.Cinergy.com.
